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Before 2011 is gone, Brazil will have surpassed United Kingdom and will become the 6th world's largest economy, latest figures shows.
Daily Mail (http://http://www.dailymail.co.uk/news/article-2078596/Brazil-overtakes-UK-sixth-biggest-economy-Britain-falls-South-American-nation-time.html?ito=feeds-newsxml - broken link)
It shows how fast the once called "third world economies" are growing. In the case of Brazil, it isn't going as fast as one may think, actually we're entering a slowdown process, but the size of current european crisis is crystal-clear for everyone. It is taking money away from there, pounding rich countries with no mercy. I'm worried about, because I have plans to move away within a few years, towards Eurozone, but we have no longe sureness about the strenght of its economy, number of jobs, or high standard of living either. I really hope not just my homeland to keep pushing up, but European ones to get their course back on.
While the U.S.A and Europe have been doing all the wrong things, countries like Brazil have been doing everything right, or nearly so. Their investment in infrastructure has been really paying off, and they are filling much of the world's demand for commodities, particularly China. Unfortunately, they are not immune to global slowdowns, so a drop in demand from China could be a big hit. Last quarters GDP was 0. Might go negative next quarter.
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